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Search Results 0 to 7 of about 8 (some duplicates have been removed)
in farm subsidies and the pentagon budget, plus a minimum 30% tax on million- dollar incomes. republicans are expected to oppose the measure because of the tax increase. house speaker john boehner said the burden is on president obama to break the deadlock. >> the sequester, i don't like it and no one should like it, but the sequester is there because the president insisted that it be there. where is the president's plan to replace the sequester that he insisted upon? >> sreenivasan: white house officials warned that letting the across-the-board cuts take effect would be disastrous. for his part, the president traveled to decatur, georgia, selling his plan to make pre- school available to all four- year-olds. standing before a group of teachers, he joked that what works with pre-schoolers might work with congress. >> maybe we need to bring the teachers up... ( laughter ) you know, every once in a while have some quiet time. time out. ( laughter ) >> sreenivasan: if the sequester takes effect, it will mean $85 billion in spending reductions over the next seven months shared equally between
people in about april. the defense, the pentagon says this week that it was issuing furlough notices to about 800,000 civilian employees. to prepare to be furloughed. so in the case of the pentagon, you know, that means that destroyers, various aircraft carriers will not deploy to places like the persian gulf and other theatre, and that's a big effect on local economies, in areas like rampton rode, virginia, san diego. and it's an effect affect that will be clearly felt on contractors who rely on navy contracts for shipbuildings. so i think the affects will be gradual. no one can really tell when the agencies will sort of pull the plug. and as i said, the cuts nay not take effect for that long. >> suarez: you said at the outset there is a political dimension to this. of course as we enter the final week there most certainly is what is the they are telling opinion researchers if friday comes and goes without a deal? >> well, i think part of the problem is that many americans don't really understand what sequestration is. it's become this obsession in washington. but many people are on
from nebraska addressed pentagon employees who will have to manage some $46 billion in reductions starting friday. >> we need to figure this out. you are doing that. you have been doing that. we need to deal with this reality. we've got ahead of us a lot of challenges. they are going to define much of who we are, not this institution only but our country. >> sreenivasan: hagel won senate confirmation yesterday, despite the opposition of most of his fellow republicans. he succeeds leon panetta, who had served in the top pentagon job since july of 2011. white house officials conceded today it's unlikely the government will avoid those looming, automatic budget cuts. a spokesman said president obama will meet friday with congressional leaders, but there was no indication that any deal is in the works. tomorrow, senate democrats will try to bring up a stop-gap bill to delay the cuts, but republicans could block the measure. at the vatican, pope benedict the sixteenth gave an emotional farewell in his last general audience-- a day before his retirement becomes official. we have a repor
you briefly, if you would, because given the kind of changes you are talk pentagon, people paying online, for example. where is this headed? does the american public have to get used to a lesser service and perhaps at some point the end of the postal service? >> no, not at all. we think the future is very bright, as long as you take the steps to get the financein order. our plan-- our plan has us getting back in the black and paying the debt down. now, will there be changes? absolutely. some of the changes we discussed already. we have already made plenty of changes. since the year 2000, this organization, the postal service has reducedly the head count-- head count, payroll, not jobs or job descriptions, payroll-- by 305,000 employees, 193,000 since 2008. we have-- our people do a great job. they're very productive. we have done anything and everything in our power to try to catch up to the loss that we've got in volume. people say, suggest we raise prices dramatically. that chase more volume away. we are trying to take a very business-like approach. we think it's a win-win. ever
Search Results 0 to 7 of about 8 (some duplicates have been removed)